TEXAS CENTER FOR ARTS ACADEMICS (EIN 750942885) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

ANIKA PERKINS

Phone

8179241482

Tax Period

2024-09-01 to 2025-08-31

TEXAS CENTER FOR ARTS ACADEMICS, founded in 1946, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.6M in total revenue in fiscal year 2024.

Mission

PROVIDE ARTISTIC TRAINING AND COLLEGE PREPARATORY EDUCATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $171,715

Program Service Revenue $11,171,070

Investment Income $152,438

Other Revenue $75,919

TOTAL REVENUE $11,571,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,207,749

Fundraising Expenses $110,306

Program Expenses $10,335,858

Other Expenses $3,432,688

TOTAL EXPENSES $11,640,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,571,142	$11,565,407	+0.0%
Expenses	$11,640,437	$11,648,999	0.0%
Net Income	$-69,295	$-83,592	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

266

Volunteers

389

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$303,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYONG CHONG	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL BATES	PAST CHAIRMAN	1.00	Director	$0	$0	$0
LESLIE SCOTT	CHAIRMAN	1.00	Director	$0	$0	$0
WES POOLE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL PRINCE BEAN	BOARD SECRETARY	1.00	Director	$0	$0	$0
MICHAEL WELLBAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER JACKSON	PRINCIPAL	40.00	Officer	$109,297	$0	$109,297
ANIKA PERKINS	PRESIDENT/CEO	40.00	Officer	$193,950	$0	$193,950

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$11,571,142	$11,640,437	$11,760,867	$-69,295
2024	$11,565,407	$11,648,999	$12,196,315	$-83,592
2023	$10,737,180	$10,590,036	$12,848,326	$147,144
2022	$10,668,475	$10,388,347	$13,496,249	$280,128
2021	$9,221,765	$8,914,383	$14,025,945	$307,382
2020	$9,402,834	$8,699,069	$14,287,550	$703,765
2019	$8,550,973	$8,454,173	$14,282,492	$96,800
2018	$8,188,733	$8,142,639	$14,739,354	$46,094

TEXAS CENTER FOR ARTS ACADEMICS